Word: optional
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Dates: during 1950-1959
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...prosperous Sunday supplement Parade to a communications domain that spans four TV stations, interests in the magazines Scientific American and Interior Design, two radio stations, the Great Northern Paper Co. The Trib purchase was no surprise. A year ago, Jock Whitney lent the Reids $1,200,000 with an option to convert the loan to stock. By the conversion, and the purchase of an unspecified number of additional shares, Whitney got control of the Trib and its money-making European edition. The Reids retain a "substantial interest...
...that he had a machine to analyze comedians." Walker's machine reported that Jack got laughs all right but that he had no character, like Benny's "cheapness," Gracie Allen's "dumbness." "There is nothing to tune back to each week," reported Walker, and the Paar option was dropped. Today, says Jack, he is just as glad that he did not play along with the phony character bit: "I have no character except what I am-complicated, sentimental, lovable, honest, loyal, decent, generous, likable and lonely...
...Sonnabend got ready, Curtiss-Wright, which had hoped to work the same kind of rescue operation for Studebaker, prepared to move out. Two years ago Curtiss-Wright got a management contract to run Studebaker, plus an option to buy 5,000,000 shares of stock at $5 a share (which runs out this November), plus the chance of merging Studebaker into Curtiss-Wright if it could cut Studebaker's huge losses. But Curtiss-Wright had no success. Fortnight ago Studebaker reported that its losses in the first six months of this year soared to $13,314,165, almost double...
...final say on bringing Sonnabend into Studebaker will have to come from the stockholders. To take on the diversification job, Sonnabend is asking for an option to buy 500,000 shares of Studebaker stock during the next five to ten years at 95% of the market value on the day of a merger, plus a place on the board...
...Grenville Wodehouse is by now a part of the Anglo-U.S. climate. Scatty, erratic, now on now off the beam, Wodehouse has nonetheless pulled off the astonishing feat of making his creations a living part of the civilized world. Even the many who cannot stomach him have no option but to respond to the mere word Jeeves with a mental picture of a whole society; while to those who lap him up, a whole corner of mental life is occupied by such characters as Lord Emsworth, Lord ("Uncle Fred") Ickenham, Bertie Wooster, Mr. Mulliner, Psmith and that great Sheba...